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Public-key infrastructure is well suited for securing Web services, but PKI deployment is too cumbersome and costly for the technology to achieve widespread use. An upcoming standard from the World Wide Web Consortium aims to reduce the costs of PKI without sacrificing its benefits.
XML Key Management Specification (XKMS) borrows the best of PKI without reducing scalability or security. XKMS creates a trust service that shields clients from complexity by providing an XML interface to PKI. The proposed standard is in the last-call phase with the W3C and several vendors are starting to develop XKMS toolkits and applications.
PKI scales well because it does not require an online service such as Kerberos Key Distribution Center. Because Kerberos uses shared-secret cryptography, it's a likely target for hacker attacks. And because it contains so much sensitive information, it is usually not widely replicated, making it a potential single point of failure.
PKI avoids both of these issues by using a set of public and private keys: Private keys are held only by an individual party; public keys can be distributed widely. With a PKI-secured message, an online service such as the KDC is not needed for any two parties to communicate securely. In addition, the ability to have a hierarchical key structure, and real-time analysis of the path through the hierarchy, makes it possible for parties to securely communicate without prior business arrangement.
With XKMS, a client and application server share an XKMS service to validate each other and to process requests between them. XKMS replaces many PKI protocols and data formats, such as Certificate Revocation Lists, Online Certificate Status Protocol, Lightweight Directory Access Protocol, Certificate Management Protocol and Simple Certificate Enrollment Protocol, with one XML-based protocol. XKMS also can be implemented client-to-client, server-to-client, server-to-server, and so forth.
Click to see: XKMS: How it works

The XKMS protocol provides three fundamental operations: locating which retrieves a cryptographic key so that it can communicate securely with another entity; validating, which makes sure the key is active and has not been revoked; and registering, which issues, reissues and revokes keys.